Just add tax cuts and ballooning expenditures. The media chose to silence the report to death.
Chorus gets louder. But no one will be ready for those mortgage rates.
Treasury yields don’t matter – until they do. Mortgage rates jump.
All kinds of factors are coming together beautifully.
With a sense of urgency. No more dilly-dallying around.
Just as the Fed accelerates its QE Unwind. Treasuries reacted.
And how would the housing market digest these kinds of mortgage rates?
Nine years of scorched-earth monetary policies come home to roost.
Oops, they’re already rising.
Or will China’s waning appetite for US Treasuries cause a disruption in the Treasury market?